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30 Jul 2015
Australia’s building approvals fall in June - worse than expectations
FXStreet (Mumbai) - Building approvals in June suffered their largest monthly fall since September 2014, led down by a major drop in the volatile high density dwellings category.
As reported by Australian Bureau of Statistics (ABS), approvals for the construction of new homes fell 8.2% in June, which was worse than market expectations of a 0.9% fall. Over the 12 months to June, building approvals were up 8.6%.
Approvals for private sector houses rose 4.3% in the month, and the 'other dwellings' category, which includes apartment blocks and townhouses, was down 20.4%.
As reported by Australian Bureau of Statistics (ABS), approvals for the construction of new homes fell 8.2% in June, which was worse than market expectations of a 0.9% fall. Over the 12 months to June, building approvals were up 8.6%.
Approvals for private sector houses rose 4.3% in the month, and the 'other dwellings' category, which includes apartment blocks and townhouses, was down 20.4%.